DBS is offering Cashline balance transfer with interest of 2.5% p.a. This is considered low as compared to others, however there is an administration fee of $80 for the approved application. You may want to take a look the details and compared with other banks.
Below is the details promotion:
Overview
Now, getting the extra cash for all the things that matter is even easier. It's convenient to apply, and it comes with low interest rates from 2.5% p.a. Do it the smart way with DBS Cashline Balance Transfer today.
Simply sign up for a DBS Cashline Balance Transfer to transfer the available credit limit on your DBS Cashline account to your deposit account as cash at a lower interest rate with repayment flexibility!
Benefits and Features
Here's what you can enjoy with DBS Cashline Balance Transfer:
Low interest rates
Here's what you can enjoy with DBS Cashline Balance Transfer:
Low interest rates
| Tenure | 6 months | 12 months |
| Applied interest rate (p.a) | 2.5% | 4.5% |
| Administration fee | S$80 | S$80 |
| Effective interest rate (p.a)* | 4.20% | 5.41% |
Interest savingsAs compared to interest rates of 24% p.a. on other banks' credit cards, you can save so much more with our low Balance Transfer rates.
*The Effective Interest Rate (EIR), inclusive of S$80 administration fee, is calculated based on an approved Balance Transfer amount of S$10,000 with minimum payment of 2.5% of amount transferred and full payment of the outstanding amount transferred at the end of the tenure. EIR is subject to compounding if the monthly finance charges are not paid in full.
A one-off administration fee of S$80 will be debited from your DBS Cashline account accordingly.
^Interest savings with DBS Cashline Balance Transfer (for repayment over 6 months or 12 months ) when compared to interest rate of 24%p.a. on other credit cards.
Figures are simplified for illustration purposes.
Flexible usage
You can still continue to use any remaining credit in your Cashline account in the usual way. And with every monthly repayment you make, your credit limit will be reinstated accordingly for your use.
Flexible repayment
Choose a loan tenure you are comfortable with, and pay as little as S$50 or 2.5% of the statement balance, whichever is greater.
For the details promotion, please click here.
For application, please click here or you may sms PROMO<space>BT<space>NRIC to 76060
